Reuters News

China launches $30 bln state-controlled venture capital fund: Reuters

China's state council has approved a 200 billion yuan ($30.19 billion) venture capital fund to invest in innovative technology and industrial upgrading projects, the country's state assets regulator said on Thursday.

Israel's Meitav Dash in talks to sell to international fund: Reuters

Israeli investment house Meitav Dash said on Thursday it is in talks with an international investment fund interested in purchasing the company.

Brookfield to buy Brazil's Odebrecht Ambiental: Reuters

Canada's Brookfield Asset Management has signed a preliminary contract to buy Brazilian engineering conglomerate Grupo Odebrecht's 70 percent stake in water and sewage group Odebrecht Ambiental, a source told Reuters. The source said the deal was done at an equity value of 5.3 billion real (US$1.65 billion). Odebrecht Group will retain the right to develop water concession projects ‎outside Brazil and Brookfield will re-brand Odebrecht Ambiental. The deal is expected to be completed by the end of the year.

Cellphone, printer cartridge recycler Clover explores sale: Reuters

Clover Technologies Group, the world's largest collector and recycler of cellphones and empty printer cartridges, is exploring a sale that could value it at roughly $1.5 billion, including debt, sources told Reuters.

American Apparel hires investment bank to explore sale: Reuters

American Apparel LLC, the U.S. teen clothing retailer known for its sexually suggestive advertising, has hired investment bank Houlihan Lokey Inc to explore a sale, sources told Reuters.

Hugh Hefner's Playboy Mansion sells for $100 million: Reuters

The famed Los Angeles Playboy mansion belonging to Hugh Hefner, founder of the Playboy empire, has been sold for $100 million, and Hefner, 90, will live in the mansion for the rest of his life, a representative for the buyer said in a news release on Tuesday, Reuters reported.

U.S. judge suggests Apollo, TPG pay into Caesars reorganization: Reuters

A U.S. judge on Wednesday suggested the casino operating unit of Caesars Entertainment Corp (CEC) ask its parent's private equity sponsors for money to fund a plan to exit its contentious $18 billion bankruptcy, Reuters reported.

About a third of U.S. tech unicorns will see valuation fall: report

Nearly one-third of private tech companies in the United States that have achieved "unicorn" status will eventually be worth less than $1 billion, according to a report published Tuesday.

MBK to negotiate sale of ING Life Korea on ongoing basis: Yonhap

Private equity firm MBK Partners, which is looking to sell ING Life Insurance Korea in a deal expected to fetch about $3 billion, will negotiate with potential buyers on an ongoing basis, South Korea's Yonhap News Agency said on Wednesday, citing an unnamed MBK official.

Univision to buy Gawker out of bankruptcy for $135 million: Reuters

Univision Holdings Inc won a bankruptcy auction on Tuesday to acquire U.S. internet publisher Gawker Media LLC for $135 million, outbidding media company Ziff Davis LLC, which had made an initial offer of $90 million, Reuters News reported.